Auto Shop with Roll-Up
For Sale
Contact for pricing
11834 HWY 6, Santa Fe, TX 77510
Former gas station with office space, restrooms, and multiple roll-up doors along Highway 6.
Property Size1,232 SF
Price / SF$223.21
Days on Market120
Property Features for 11834 HWY 6
General Information
Standard status
Active
Size
1,232 SF
Class
C
Total Parking Spaces
10
Property subtype
Retail
Zoning
COMMERCIAL
Investment Type
Value Add
Site & Location
Highway Access
Yes
Road Access
Yes
Amenities
office area
restrooms
three roll-up doors
Building Details
Year Built
1962
Buildings
1
Stories
1
Units
1
Listing Agency:
Reyes Realty Group
(936) 520-6424
Listed By:
Reyes Realty Group Team · License #TX 0214332
Source:
Crexi
Added: May 4
Changed: Aug 31
Last Checked: Aug 31 at 12:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Reyes Realty Group
Investment Insights
Based on property information with market context.
This 1,232-square-foot commercial property was built in 1962 and previously operated as a gas station. The existing layout includes an office area, restrooms, and three roll-up doors, providing a configuration suited to automotive service or other commercial applications supported by the improvements.
The site fronts Highway 6 in Santa Fe, Texas, with approximately 100 feet of frontage along the corridor. Its commercial zoning and highway position provide direct exposure from a principal local roadway. The property is located at 11834 HWY 6.
The site fronts Highway 6 in Santa Fe, Texas, with approximately 100 feet of frontage along the corridor. Its commercial zoning and highway position provide direct exposure from a principal local roadway. The property is located at 11834 HWY 6.
Key Highlights
- 1,232‑square‑foot commercial property built in 1962
- Approximately 100 feet of frontage on Highway 6
- Three roll‑up doors for automotive or service‑oriented use
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$16,590
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$331,800
$331.8K
Cap Rate 7%
$237,000
$237.0K
Cap Rate 9%
$184,333
$184.3K
Market Conditions
NOI Build-Up for 1,232 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.1K $20.40/SF
− Vacancy
−$1.4K −$1.16/SF
EGI
$23.7K $19.24/SF
− OpEx
−$7.1K −$5.77/SF
NOI
$16.6K $13.47/SF
Area
Galveston County, TX
Vacancy
5.70%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$331,800
Cap Rate 7%
$237,000
Cap Rate 9%
$184,333
Alternative Uses
Best Use
Retail
$237.0K
$207.4K – $276.5K
NOI $16,590 @ 7.0% cap · market cap 6.03%
Second Best
Industrial
$89.6K
$78.4K – $104.5K
NOI $6,271 @ 7.0% cap · market cap 2.28%
Theoretical Best
Multifamily LT 5
$13.81M
$12.09M – $16.11M
NOI $966,878 @ 7.0% cap · market cap 351.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 77510, TX
14,357
Population
5,896
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
89%
High-School Grad
30.4 sq mi
ZIP Area
472
Density / Sq Mi
$96,284
Median Household Income
$58,146
Median Earnings
$1,067
Median Rent
$281,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Former gas station with office space, restrooms, and multiple roll-up doors along Highway 6.
Where is this auto shop located?
The property is located at 11834 HWY 6 Santa Fe, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: 1,232‑square‑foot commercial property built in 1962; Approximately 100 feet of frontage on Highway 6; Three roll‑up doors for automotive or service‑oriented use
